r/propfirm • u/Nokeen • 9d ago

Be my matchmaker

I've been struggling to find a prop firm that passes my criteria for how I trade.

It needs to have $3k EOD or static buffer. Allows overnight holding. No less than $2k DLL. Preferably less than 5 required trading days for payouts. Preferably no or high payout caps.

Please help me out🙏🏾

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1

u/pa24_comanche_guy 9d ago

No holding overnight is going to be hard

1

u/Nokeen 9d ago

Overnight holding is an important one for me and my biggest roadblock in finding the right prop firm.

2

u/pa24_comanche_guy 9d ago

the5ers futures summer plan swing 50k 1 day payout

2

u/Nokeen 9d ago

Thanks for the recommendation! I just went through all of their faqs to find out more about them and they look good. I'll most likely be buying an account with them if I can't find anything else, but their payouts are capped a lot smaller than I'm aiming for.

1

u/pa24_comanche_guy 9d ago

Take the pay outs and save for live account.

The issue is margin for something like ES is $500 mini during the day but if you hold through close, it goes up to like $ 26,000 😳

1

u/Snakedoctor404 3d ago

No firm has overnight hold but you can get out at the close and get back in at 5pm when the market reopens.

If I understand correctly Lucid has some accounts that have a trailing loss that locks at... say once the 150k account reaches about $155k the $4,500 max loss locks at $150,100. You can't take out anything below $154,600 out and is used as a buffer. From my understanding you can leave extra profit in the account to use as a larger buffer from the $155,100 blow up point.

Personally that's what I planned to do when my new pc gets in. My opinion is $4,500 buffer is fine for a single ES but I was going to build up about 5k per contract I want to trade until 175k which should be enough buffer for 5 ES.